Binance said in a Friday announcement that the
$BRLS.US contract will begin trading on Monday, giving eligible users continuous exposure to movements between the U.S. dollar and Brazilian real without requiring them to own either currency.
The perpetual contract will settle in Tether’s USDT stablecoin and support leverage of up to 100x. Unlike dated futures, perpetual contracts have no fixed expiry, allowing a trader to keep a position open while meeting the platform’s margin requirements and paying or receiving applicable funding charges.
Access will depend on Binance’s regional restrictions and account requirements. The exchange said users should review their local rules before trading, while its standard futures risk controls and eligibility conditions will apply to the new product.
$BRLS.US contract will begin trading on Monday, giving eligible users continuous exposure to movements between the U.S. dollar and Brazilian real without requiring them to own either currency.
The perpetual contract will settle in Tether’s USDT stablecoin and support leverage of up to 100x. Unlike dated futures, perpetual contracts have no fixed expiry, allowing a trader to keep a position open while meeting the platform’s margin requirements and paying or receiving applicable funding charges.
Access will depend on Binance’s regional restrictions and account requirements. The exchange said users should review their local rules before trading, while its standard futures risk controls and eligibility conditions will apply to the new product.